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Sophie LAUBIE AFP

G7 'not there yet' on release of oil reserves: French minister

G7 'not there yet' on release of oil reserves: French minister

France's finance minister said Monday the G7 was "not there yet" in terms of any release of strategic oil reserves as the world's leading industrialised nations held crisis talks on the economic fallout of the Middle East war. Earlier Monday, French President Emmanuel Macron,

France to host G7 finance meeting on Mideast

France to host G7 finance meeting on Mideast

France will host a video meeting of G7 finance ministers on the Middle East crisis on Monday, as the war fuels fears for the global economy. The French finance ministry said in a statement the meeting at 1:30 pm (1230 GMT) would "review the situation in the Gulf

War in Middle East raises stagflation fears in Europe and beyond

War in Middle East raises stagflation fears in Europe and beyond

Global energy prices have shot upwards after the US and Israel unleashed war in the Middle East, but just how far those shocks will ripple across the economy remains unclear. Still, the spectre of "stagflation" -- high inflation coupled with stagnant economic growth -- once again looms over the global

Mideast war risks sending global economy into stagflation

Mideast war risks sending global economy into stagflation

An extended conflict in the Middle East after the US and Israel launched strikes on Iran could trigger global stagflation -- a troublesome blend of high inflation and anaemic growth -- due to spiking oil and gas prices, economists warned. - Will there be an oil shock ? - The conflict has nearly halted traffic